At the aggregate level, businesses reported exceptional sales and profit growth in the June quarter, rebounding from the weak base of the previous quarter, which was tainted by a rigorous lockdown during the pandemic's first wave. However, increased input costs put pressure on profitability. Following the devastating effects of the COVID-19 pandemic, the Indian stock markets have been riding a surge of optimism since March 2020. After collapsing in March 2020, the benchmark indexes Sensex and Nifty have increased by more than double. Due to the low interest rate environment and sufficient liquidity, experts anticipate that the current market momentum will continue. Real economic growth, a decline in consumer confidence, sluggish demand, and inflation are all factors that only temporarily slow down the stock market's velocity. Simply defined, the momentum mostly depends on the performance of the companies, significant political and economic changes, liquidity, and market confidence.

The flurry of IPOs, the low-interest rate environment, and the abundance of liquidity were key contributors to the success of domestic markets. Around 10 startups including EaseMyTrip, Nazara, Zomato, CarTrade, Freshworks, Nykaa, Policybazaar, Paytm, RateGain and the latest addition, MapMyIndia, has gone public this year so far. There are 3 more companies including Data Patterns, Medplus Health and Metro Brands heading the same way before the year comes to a close.

Due in large part to the impressive quarterly results produced by leading firms, experts are optimistic that both market benchmarks will set new milestones. A sudden rush in IPOs is also helping markets gallop towards fresh record highs. Let's hope the stellar performance helps more businesses find their way to the top of the curve.